A cooperative shall be governed by its board which shall take all action for and on behalf of the cooperative except those actions reserved or granted to members. No director or group of directors may act for or on behalf of the cooperative unless authorized by the board or this 8193.401 UNINCORPORATED COOPERATIVE ASSOCIATIONS chapter. A director may advocate interests of members or member groups to the board, but the fiduciary duty of each director is to represent the best interests of the cooperative and all members collectively.
Wis. Stat. § 193.401
Board governs cooperative
Known as the Wisconsin Cooperative Associations Act
The act spans §§ 193.001–193.971 (91 sections).
2005 a. 441.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.